Yahoo Finance 3 ASX Growth Stocks With Up To 16% Insider Ownership
The Australian market has stayed flat over the past 7 days but is up 6.6% over the past year, with earnings forecasted to grow by 13% annually. In this context, identifying growth companies with high insider ownership can be a promising strategy for investors seeking alignment between company leadership and shareholder interests.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Cettire (ASX:CTT) | 28.7% | 26.7% |
Acrux (ASX:ACR) | 14.6% | 115.3% |
Clinuvel Pharmaceuticals (ASX:CUV) | 13.6% | 26.8% |
Liontown Resources (ASX:LTR) | 16.4% | 51.6% |
Catalyst Metals (ASX:CYL) | 17% | 75.7% |
Biome Australia (ASX:BIO) | 34.5% | 114.4% |
Hillgrove Resources (ASX:HGO) | 10.4% | 49.4% |
Ora Banda Mining (ASX:OBM) | 10.2% | 106.8% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Change Financial (ASX:CCA) | 26.6% | 77.9% |
Let's dive into some prime choices out of the screener.
Mineral Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Mineral Resources Limited, with a market cap of A$10.62 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.
Operations: The company's revenue segments are comprised of A$1.60 billion from Lithium, A$2.50 billion from Iron Ore, and A$2.82 billion from Mining Services.
Insider Ownership: 11.6%
Mineral Resources Limited showcases high insider ownership and strong growth potential, with earnings forecasted to grow 19.3% annually, outpacing the Australian market's 13.1%. Revenue is expected to increase by 10.2% per year, also surpassing market growth rates. However, profit margins have declined from 16.3% to 7.9%, and interest payments are not well covered by earnings. Trading at a significant discount of approximately 54.9% below estimated fair value indicates potential undervaluation despite these challenges.
Technology One
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally with a market cap of A$6.71 billion.
Operations: Revenue segments for Technology One Limited include Software (A$317.24 million), Corporate (A$83.83 million), and Consulting (A$68.13 million).
Insider Ownership: 12.3%
Technology One demonstrates high insider ownership and robust growth potential. The company's earnings are forecasted to grow at 14.8% annually, outpacing the Australian market's 13.1%, while revenue is expected to increase by 11.5% per year, surpassing the market's 4.9%. Recent earnings reported A$240.83 million in revenue and A$48 million in net income for H1 2024, showing solid year-over-year growth. The appointment of Paul Robson as a Non-Executive Director enhances strategic capabilities with his SaaS expertise.
Universal Store Holdings
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Universal Store Holdings Limited (ASX:UNI) is a specialty retailer in Australia offering casual men's and women's fashion, shoes, accessories, lifestyle products, and gifts with a market cap of A$446.52 million.
Operations: Revenue segments for Universal Store Holdings Limited comprise A$42.84 million from CTC and A$244.13 million from Universal Store.
Insider Ownership: 16.3%
Universal Store Holdings exhibits substantial insider ownership and promising growth prospects. The company's earnings grew by 6.8% over the past year, with future revenue expected to increase at 9.1% annually, outpacing the Australian market's 4.9%. Earnings are forecasted to grow at 13.2% per year, slightly above the market average of 13.1%. Recent guidance projects group sales of A$288.5 million for FY2024, a rise of 9.7%, and underlying EBIT between A$46 million and A$47 million.
Where To Now?
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include ASX:MIN ASX:TNE and ASX:UNI.
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